*The Critical Illness benefit is an accelerated benefit and the death benefit will be reduced by the Critical Illness cover paid to the policyholder. To know more about the illnesses covered, please refer the sales brochure.
**Available only under Life Plus and All in One option. Maximum amount that can be availed is 2 Crore and will be paid as a lump sum.

*The Critical Illness benefit is an accelerated benefit and the death benefit will be reduced by the Critical Illness cover paid to the policyholder. To know more about the illnesses covered, please refer the sales brochure

SIP is a financial planning tool available for policy holder’s to create wealth and achieve their long term financial goals by contributing a fixed amount in a selected fund(s) at regular intervals, which could be either monthly, quarterly or yearly. The key benefits of SIP to policy holders are rupee cost averaging and also it inculcates disciplined approach towards financial savings rather than ad hoc investment decisions.

If you have invested in NPS, you can get additional deduction upto 50,000 u/s 80CCD(1B) which will be over and above deduction of 1,50,000 u/s 80C

The investments u/s 80C/80CCC that qualify for income tax deduction are:

Term Insurance Policies

Unit Linked Insurance Plans

Traditional Savings/Endowment Insurance Policies

Retirement Insurance Plans

5 year Fixed Deposits

Public Provident Fund

Equity Linked Savings Scheme

National Pension Scheme (NPS)

Your investment details

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Investments u/s 80C & 80CCD(1B) of Income Tax Act 1961:

Health Insurance Premium

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Investment u/s 80D of Income Tax Act 1961

The premiums paid towards health insurance policies taken for self, spouse, children or parents is eligible for tax deduction u/s 80D of Income Tax Act 1961:

The maximum limit for deduction for health insurance policy premium taken for self, spouse or children is 25,000 (The maximum limit is increased to 30,000 if the age of the person insured is above 60 years)

Additional deduction up to 25,000 is allowed on health insurance premium paid towards covering parents(The maximum limit is increased to 30,000 if the age of the person insured is above 60 years)

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Medical Insurance u/s 80D of Income Tax Act 1961:

HRA deduction u/s 10(13A) of Income Tax Act 1961

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Rent paid by you for residential purpose is tax free.

HRA deduction is applicable minimum of the following:

If you live in a rented flat, you can claim tax deduction on the rent you pay

An amount equal to 50% of the basic salary (for accommodation in Mumbai, Kolkata, Delhi,or Chennai) and 40% of basic salary (for accommodation elsewhere) OR

The amount by which rent actually incurred by the assesse exceeds 10% of the basic salary OR

The actual amount of HRA received by the assesse in respect of the relevant period

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HRA Deduction u/s 10(13A) of Income Tax Act 1961:

Interest on Home Loan u/s 24 of Income Tax Act 1961

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Maximum deduction 2,00,000

Interest paid on home loan is eligible for tax deduction

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Interest on Home Loan u/s 24 of Income Tax Act 1961:

Interest on Education Loan u/s 80E of Income Tax Act 1961

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Maximum period 8 years

Interest paid on education loan is eligible for tax deduction

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Interest on Education Loan u/s 80E of Income Tax Act 1961:

Income from interest u/s 80TTA of the Income Tax Act, 1961

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Maximum deduction 10,000

This deduction is allowed on interest earned:

From a savings account with a bank

From a savings account with a co-operative society carrying on the business of banking

From a savings account with a post office

This deduction is NOT allowed on interest earned on:

Interest from fixed deposits

Interest from recurring deposits

Any other time deposits

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Income from interest u/s 80TTA of the Income Tax Act, 1961:

IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

Invest in our top selling online ULIP#

Save tax up to 46,350 u/s 80C* & Also get life cover

Invest Now

Protect yourself against heart ailments and cancer

save tax up to 7,725 u/s 80D**

Check your premium

IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

Invest in our top selling online ULIP#

Save tax up to 46,350 u/s 80C* & Also get life cover

Invest Now

Protect yourself against heart ailments and cancer

save tax up to 7,725 u/s 80D**

Check your premium

SUMMARY

TOTAL INCOME

TOTAL INVESTMENTS

TAXABLE INCOME

close

Your taxable income

5,00,000

For income between 2,50,001 - 5,00,000 - the tax payable is 10% of total income exceeding 2,50,000

i.e. ( 5,00,000 - 2,50,000) = 25,000

TAX PAYABLE

Show details

IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

Invest in our top selling online ULIP#

Save tax up to 46,350 u/s 80C* & Also get life cover

Invest Now

Protect yourself against heart ailments and cancer

save tax up to 7,725 u/s 80D**

Check your premium

IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

Invest in our top selling online ULIP#

Save tax up to 46,350 u/s 80C* & Also get life cover

Invest Now

Protect yourself against heart ailments and cancer

save tax up to 7,725 u/s 80D**

Check your premium

The income tax calculator is an easy to use online tool which provides you an estimation of the taxable income and tax payable once you provide the necessary details. The steps to use the tool are as given below –

Choose your age bracket. This determines your applicable tax band

Enter your annual salary. You can include the total salary inclusive of all bonuses and variable components

Once you enter these details, subsequent fields open up where you can enter your investment details

If you live in a rented property, enter your HRA exemption. You can calculate your HRA exemption here

If you have a home loan you’re paying back, enter the interest paid, as the same is eligible for tax deduction

If you have an educational loan you’re paying back, enter the interest paid, as the same is eligible for tax deduction

Note: Whichever fields are not applicable, you can enter 0

You can see your taxable income and the tax payable on the Summary tab!

Please note: This calculation is generated on the basis of the information provided and is for assistance only. And is not intended to be and must not alone be taken as the basis for an investment decision. The Tax write-up above is for general understanding and reference. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information. Tax laws are subject to amendments from time to time. ICICI Prudential Life Insurance Company Limited expressly disclaims any liability to any person, if tax benefits stated above are denied to the customer.

# Most Popular Online Plan refers to ICICI Prudential Life Insurance plans which are bought by customers through the website with our Zero-Paper-Process.

## The critical illness benefit is an accelerated benefit and the death benefit will be reduced by the critical illness cover paid to the policyholder. Only medical documents confirming diagnosis to be submitted. To know more about the illnesses covered, please refer to the Sales brochure.

* Premium paid towards the policy will be eligible for tax benefits u/s 80C of the Income Tax Act, 1961. Taxes and/or Cess tax will be charged extra, as per applicable rates. The tax laws are subject to amendments from time to time. Tax Benefit of Rs. 46,350 is calculated at the highest tax slab rate of 30.90% (including cess excluding surcharge) on premium of Rs. 1,50,000 under section 80C of income Tax Act, 1961.

Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. The names of the Company, Product names or fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns.

Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Member of the Life Insurance Council. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale.

As per PMLA (Maintenance of Records) Second Amendment Rules, 2017 dated 1st June, 2017 it has been mandated to collect the Aadhaar and PAN from the client. Failure to submit the same by client within 6 months of issuance of policy or 31st March, 2018 whichever is later will lead to the policy being made inoperational by company till the aadhaar and PAN are submitted.

BEWARE OF SUSPICIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI clarifies to the public that

IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.

IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with the details of the phone call.